The Broome County Land Bank Corporation is offering an optional development incentive to spark interest in a City of Binghamton two-family home.

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The Land Bank got the property at 3 King Avenue in 2018 from the County, which had foreclosed on the property for non payment of taxes, and is offering up to $75,000 in matching grant funds for the lot’s development. The incentive rules include requiring at least one residential unit to be offered under affordable housing guidelines.

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In order to be eligible for the matching grant, the applicant must submit a development and management plan with the affordable housing unit included under the maximum rent and income guidelines for a period of ten years. 

The Request for Proposals for the property can be found at www.broomelandbank.org